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NMGS Warns Nigeria Losing Billions to Illegal Mining

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The Nigerian Mining and Geosciences Society (NMGS) warns Nigeria loses billions daily to illegal mining, urging stricter regulation, ethical practices, and sustainable resource management

The Nigerian Mining and Geosciences Society (NMGS) has raised alarms over the billions of naira lost daily to illegal mining activities across Northern Nigeria and other regions.

Also read: Segilola Resources Champions Ethical Sourcing in Mining

National President Rose Ndong highlighted that overreliance on crude oil has limited investment in solid minerals and agriculture, forcing some licensed operators to compromise and engage in unauthorized extraction.

She called for stricter regulation, enforcement of ethical standards, and effective oversight to restore order in the sector.

Ndong spoke during the 261st National Conference of NMGS in Uyo, Akwa Ibom, themed “Optimising Efficiency, Sustainability and Resilience in Resources Management and Infrastructure Development.”

The event will showcase Nigeria’s geo-tourism potential, sustainable infrastructure projects, and the state’s rich mineral and water resources, promoting investment, job creation, and climate-resilient development.

Also read: ‎Okpella Crisis: Ukhomuyio Concerned Citizens Reject ‘Rotational Monarchy’, Laud DSS and Edo Governor

She commended Governor Umo Eno for his leadership under the ARISE Agenda and described the conference as a strategic step toward positioning Akwa Ibom as a geo-economic hub in the Niger Delta, while advocating mandatory geo-scientific assessments for infrastructure planning.

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Nigeria’s External Reserves Hit $50bn — CBN

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Nigeria’s external reserves have surpassed $50 billion for the first time in 13 years, CBN Governor Olayemi Cardoso says

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FMBN, NSITF Explore Partnership to Boost Affordable Housing

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FMBN and NSITF discuss strategic partnership to use workers’ contributions to expand affordable housing and mortgage access in Nigeria

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OPay Denies Reports of Lagos, Abuja Office Seals

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OPay says reports of Lagos and Abuja office closures are false, affirming its operations continue uninterrupted and regulatory compliance remains intact

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